Revenue Manager

Kairoi Residential•San Antonio, TX

12d

About The Position

The Revenue Manager will play a crucial role in developing, analyzing, and communicating pricing strategies to maximize revenue across our multifamily portfolio. This position requires a highly analytical and experienced professional with a strong understanding of revenue management principles and a focus on analyzing market data to optimize pricing decisions and overall revenue performance.

Requirements

Bachelor’s degree in Finance, Real Estate, Business Administration or a related field required.
7+ years of relevant experience in pricing/revenue management; preferably within the multifamily housing industry.
Thorough understanding of RealPage platforms.
Proficiency in analyzing operating/income statements to evaluate performance metrics.
Strong analytical skills, including the ability to manage multiple projects and maintain strong attention to detail.
Strong business writing skills for clear and concise communication.
Excellent written, verbal, and interpersonal communication skills.
Self-motivated and able to work effectively with limited direction.
Ability to adapt to changing demands and operate with a high degree of flexibility.
Strong project management skills, including effective time management, organization, and the ability to meet deadlines.
Technology skills, including proficiency in Excel, PowerPoint, Word, and Internet research; experience with MRI, Yardi, LRO, or AIRM/YieldStar, or knowledge of SQL queries and report writing is helpful.
Must have a valid driver’s license with no major infractions in the last 12 months.

Responsibilities

Manage revenue for properties utilizing AIRM/Yieldstar within the portfolio, collaborating with multiple management companies.
Analyze data from various sources to identify trends and opportunities for optimizing operating performance.
Oversee the management and seamless execution of the revenue management platform.
Conduct regular pricing calls with third-party managers to monitor and analyze the relationship between pricing practices and market performance.
Collaborate to develop and promote effective strategies for maximizing rent revenue for each community.
Address pricing concerns and requests promptly and effectively.
Prepare regular reports (weekly, monthly, quarterly) on revenue performance and benchmarking, for distribution to property and corporate leadership.
Ensure revenue management best practices are consistently applied to new lease and renewal pricing.
Implement pricing plans based on sound, data-driven lease pricing strategies.
Evaluate performance on a monthly basis and incorporate findings into potential strategy adjustments for the following month.
Provide rental income data for the annual budgeting process.
Assist with the preparation of forecasts and re-forecasts as requested.
Conduct market research and collaborate with regional leaders to determine the competitive positioning of properties.